Thursday, February 11, 2010

At the time of writing this page (2-10-10) Parkmont Villas Townhomes on Bright Common and Lavendar Common have been hovering around 435k for a Via Bravo--the two bedroom 2.5 bath and 475k for the Villa Bella--the 3 bed 2.5 bath townhouses.

Sometimes we get a scare when a neighbor lists their Parkmont home for sale at say $410k for the Via Bella--3 bed 2.5 bath at 1700 sq ft.

I am often asked why this is, or I am asked if it will hurt the value of the surrounding Parkmont homes. Truth is that it is unfortunate that the listing agent goes so low on the very first day. After all, the agent's job is to get the most they can for the property, right? So, why so low? Sometimes out-of-area agents fail to know the Parkmont homes area or the comparables as well as the local brokers do and mistakenly listing the house for a low price. The redeeming news is that the market will bear what it can bear and usually market value is attained after a few weeks.

Secondly, it does not seem to hurt the comparables too much.

Case in point is that I just listed 38332 Redwood Terrace in Fremont at 519k (pie in the sky price). We got an offer for 470k after 45 days. Long story short, we got 485k EVEN AFTER IT APPRAISED FOR 466k and it's last comparable was around 465k. We received 485k. It could not get any better than that.

Point being--do not panic if your neighbor lists for a ridiculously low price. Contact me using the form below for a real market value based on true comparables and true sold history along with experience in Parkmont sales prices.

The goal here is to create a report for you to determine the market value of your Parkmont Home by looking at the real-time brokerage data.

We will create the report by hand, but you need to type in the correct information so the job can be done correctly. We will then deliver the Parkmont report to you by email.

If it is time to sell, let me know. I will get top dollar for your home as fast as I can.

1 comment:

about me

Jeff Pereyda was born in San Francisco
in the 60's then raised in Sunnyvale during the mid 60's on through
the 80's.

Growing up in the Bay Area and thanks
to his parent's unique hobby of surf fishing, Jeff learned his
long-time passion for surf fishing from his parents who carted him up
and down the coast at an early age hitting California's hot spots.
Jeff recalls one of the most important things he learned from his
mom. “My mom always said, 'you always have to have at least one eye
on the waves.' They're unpredictable at times.” Later, in his
twenties, and after earning a degree in Marketing, Management and
Sales, Jeff went on to study at San Jose Christian College and now
holds a Bachelor's Degree in liberal studies. After returning to the
work force, Jeff later studied to become a California real estate
broker. “Professionally speaking,” Jeff continues, “real estate
is a lot like the surf. The real estate market has its definite
crests and troughs, but it can be unpredictable. You have to always
keep an eye on it too.”

Jeff has earned the International
Diamond Award from Coldwell Banker in 2014 and has been in the top
10% in his office. At present, Jeff continues to provide personal
attention to detail in all his real estate transactions and has been
quite successful in his property management portfolio as well.

During his personal time off, Jeff
enjoys surf fishing and brewing hand crafted beer using his very own
DIY recirculating infusion mash system in the back yard of his custom
Livermore home. Life is good,and if you ask, he'll be happy to share.